4networld.com Joins KYW-TV3 in Co-Marketing and Web-Development Venture; Agreement Benefits KYW's Advertisers and Provides Philadelphia With Internet Marketplace.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--Jan. 30, 2001 Internet software and solutions company, 4networld.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FNTW) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , 4net Software Inc., entered into a co-marketing agreement with KYW-TV3 to develop an online marketplace for the Philadelphia region and to provide Web development services for KYW's advertising clientele. KYW KYW Know Your Watershed KYW Know Your World is a CBS (Cell Broadcast Service) See cell broadcast. owned and operated station in Philadelphia and a Viacom subsidiary. "We want to provide our clients with the opportunity to blend traditional marketing with Internet marketing See Internet advertising. ," said Marcellus Alexander, vice president and general manager of KYW-TV3. "4net Software's proven technology not only makes that possible, but gives our clients control over the content they provide." Web sites are quickly becoming an essential business tool and Internet content is increasingly recognized as a core business asset. 4netSoftware develops corporate Web sites with its proprietary content management software, 4netManager(TM), which permits designated individuals within any organization to manage and modify their company's Web site content, with minimal technical expertise. Using this approach, 4netSoftware intends to launch KYW's new business portal within the next six months. "Our approach to Web development is once again validated by this agreement," asserted Steven N. Bronson, president of 4net Software. "Together with KYW, we will develop and promote a premier dynamic business portal for the Philadelphia region." About KYW-TV3. KYW-TV3 (http://www.kyw.com/) is the CBS owned and operated station in Philadelphia and a Viacom subsidiary. As Philadelphia's first television station, KYW pioneered in broadcast technology by developing the first live news feeds, the first stereo broadcasts, the first closed-captioning of news and, more recently, Philadelphia's first HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates telecast. KYW-TV is also the birthplace of the Eyewitness News Eyewitness News is a local television newscast format, widely used in different markets across the United States. It is also the name of a very popular music package offered by Gari Communications. format, the first news format that allowed reporters to deliver their own news stories on location. About 4networld.com Inc. 4networld.com Inc. (OTCBB:FNTW), (http://www.4networld.com/) is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. engaged in acquiring, managing, and operating niche software and Internet solution companies. 4networld's objective is to offer businesses a platform of Internet related products and services and to become a premier business-to-business Internet enabling company. 4networld achieves its objective by acquiring Internet solution companies in specific segments of the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. and then integrate its portfolio of companies into a collaborative network that leverages their collective knowledge and resources. In addition to providing management and financial support, 4networld also actively develops business strategies, operations, and management teams for its portfolio companies. 4net Software Inc. (http://www.4netsoftware.com/) is a provider of content management software and a developer of business-critical Web sites. 4net Software develops Web-based software applications, focusing on content management and information exchange for both large and small companies. The company's flagship product, 4netManager(TM), seamlessly bridges the gap between content creation and content delivery by giving non-technical users the ability to update and maintain their own Web site content. The functionality of 4netManager(TM) minimizes the cost of Web site maintenance and improves the process of sustaining a dynamic online presence. 4net Software's objective is to become a premier business-to-business provider of content management solutions for the business community. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: -- Certain of the statements contained herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could effect the company's actual results include but are not limited to the risks discussed in the company's Annual Report on Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. for the year ended September 30, 2000. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The company undertakes no obligation to update publicly any forward-looking statements to reflect the occurrence of unanticipated events. |
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